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Author Question: Why does the substitution bias cause the consumer price index to overstate inflation and the cost of ... (Read 72 times)

shenderson6

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Why does the substitution bias cause the consumer price index to overstate inflation and the cost of living? Why does the increase in quality bias cause the consumer price index to overstate inflation and the cost of living?



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Marked as best answer by shenderson6 on Mar 16, 2019

mjenn52

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shenderson6

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Reply 2 on: Mar 16, 2019
YES! Correct, THANKS for helping me on my review


31809pancho

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Reply 3 on: Yesterday
Excellent

 

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